Trending
- Share of ruble in Russia’s European trade hits new record
- South African rand near five-month high before S&P review
- Sharjah, Lithuania explore enhancing economic cooperation
- IMF says Qatar’s post-World Cup growth normalization expected to bottom out in near term
- Emir of Kuwait dissolves the National Assembly and takes aim at the Muslim Brotherhood
- Emir of Kuwait dissolves the National Assembly and takes aim at the Muslim Brotherhood
- Al-Assad meets Saudi Crown Prince Mohammad bin Salman
- Putin says Russians, Chinese ‘brothers forever’
Economy
The share of ruble transactions in Russia’s foreign trade, particularly with the rest of Europe, has been steadily growing, hitting record highs in March, according to data from the country’s central bank.
The rand has rallied this week to its strongest levels in 2024, helped by an improvement in risk sentiment as bets grow that the U.S. Federal Reserve may cut interest rates in September
During the gathering, both sides outlined the ongoing efforts to complete the establishment of the UAE-Lithuanian Business Council
The report expected the country’s reserves to rise further by $2.60 billion in FY25/26 Egypt’s…
Kuwait’s economic growth (real GDP) projection for 2024 was revised by the World Bank to 2.8% y/y, higher than the 2.6% y/y forecasted earlier in January 2024 owing to expectations of phasing out of OPEC+ production cuts, according to Kuwait Financial Centre (Markaz).
The revision reflects reduced external risks for Egypt. Fitch cited the recent investment deal with the United Arab Emirates (UAE)
The seasonally-adjusted Riyad Bank Saudi Arabia Purchasing Managers’ Index stood at 57.0 in April, the same as March, and well above the 50.0 mark denoting expansion in activity
The investigation aims to address concerns regarding the potential dumping of these products into the Saudi market, which may be harming the domestic steel industry
Both nations expressed keen interest in leveraging Chinese advanced construction technology for Saudi Arabia’s infrastructure projects
Mideast Discourse is a news website specialised on the latest events and developments in the Middle East and the world, and it is in Both languages Arabic and English.
